In 2024, the decentralized AI sector experienced remarkable growth, with investors injecting $436 million into the field, a 200% surge from 2023. This growth aligns with the global AI market's $214 billion market cap. The fusion of AI and blockchain is reshaping their development and accessibility. Decentralized AI integrates AI into systems emphasizing distributed ownership and governance, unlike centralized models. Investors are increasingly supporting decentralized AI startups, with projects like SingularityNET leading the way. The merger of SingularityNET, Fetch.ai, and Ocean Protocol aims to democratize AI access. Challenges such as scalability, trust, and data privacy hinder decentralized AI's progress. However, its potential to address privacy concerns and offer shared ownership of AI agents drives its growth. To succeed, decentralized AI must focus on real-world applications and sustainable infrastructure, prioritizing utility over hype. Read more AI-generated news on: https://app.chaingpt.org/news